Entries by Bvsiness

Overseas students turning away from US universities

Report points to uncertainty and competition as China stays top WASHINGTON – Universities are becoming less attractive to overseas students, according to a report released on Monday, adding to the financial woes of many less prestigious schools. The annual report by the Institute of International Education showed that newly enrolled international students in 2016 dropped […]

Tesla unveils its all-electric semi truck

After revolutionizing electric cars, Tesla is tackling a new frontier in “green” transportation with the introduction a futuristic all-electric semi truck. “We designed the Tesla truck to be like a bullet,” said Tesla co-founder and CEO, Elon Musk. The billionaire South African-born inventor unveiled the new vehicle Thursday at an event in Hawthorne, California, site […]

Japan railway ‘deeply sorry’ after train leaves 20 seconds early

A Japanese railway operator has issued a deep apology for the “tremendous nuisance” caused by a train departing 20 seconds early, surprising even a nation renowned for both punctuality and politeness. The Tsukuba Express train linking Tokyo and the capital’s northern suburbs pulled out of Minami Nagareyama Station at 9:44:20 instead of 9:44:40. “We deeply […]

China leads the world in clean energy

Workers check equipment at a wind farm in Shanxi province. [Photo/Xinhua] China’s energy revolution is sparking a swifter global transition to clean power, according to a new study, meaning that, in two decades, the world could generate 40 percent of its power from renewable resources. Fatih Birol, executive director of the International Energy Agency, a […]

Russian Bots Attack Keurig Over Sean Hannity Ad Cull

Fox News’s Sean Hannity is getting support from Russian-linked social media accounts after they began amplifying a protest by the American far right against Keurig coffee machines when the company pulled advertising from Hannity’s show. Keurig is among five companies that removed ads from Fox’s Hannity over the weekend following his coverage of sexual misconduct […]

World Kindness Day 2017 Quotes

Monday is World Kindness Day, a day marked to celebrate the people who have brought goodness into the world and also those who want the world to be a better place to live in by sharing their love and care. The day was officially marked on Nov. 13, 1998, following the World Kindness Movement and […]

Here’s why your local TV news is about to get even worse

By Margot Susca, Professorial Lecturer, American University School of Communication. Beaming in news from far away. Daniel Fung/Shutterstock.com Considering the history of television news a few years ago, iconic anchor Ted Koppel declared that CBS’ 1968 debut of “60 Minutes” forever altered the landscape of broadcast journalism: A news program drew enough advertising to turn […]

A Gangster Place in the Sun: How Spain’s Fight Against the Mob Revealed Russian Power Networks

Among the wealthy sophisticates who came and went from their seaside villas on the Spanish island of Mallorca, there was something that didn’t quite fit about the Russian who lived in a neoclassical mansion on the Avenida Portals Vells. Tall and powerfully built, with a flattened nose and graying, short-cropped hair, he looked more like […]

Carnival Cruise Line inks deal with Shell to fuel new LNG-powered ships coming in 2020, 2022

FORT LAUDERDALE, Fla.—Carnival Cruise Line said Wednesday it has signed an agreement with a Shell subsidiary to provide fuel for two new ships it says will be the first fully LNG-powered ships in North America. The new 180,000-ton ships — slated for debuts in 2020 and 2022 — are being built with a next-generation “green […]

U.S. Risks ‘Coup’ Over Mueller, Republicans Warn

Special counsel Robert Mueller’s investigation into whether the Trump campaign assisted Russia in its effort to interfere in the 2016 election amounts to an attempt to overthrow the government, Republicans have argued. “We are at risk of a coup d’etat in this country if we allow an unaccountable person, with no oversight, to undermine the […]

Jared Kushner linked to man named in ‘Paradise Papers’

One of Russia’s leading tech financiers, an associate of White House aide Jared Kushner, funneled Kremlin investments to Facebook and Twitter, according to the so-called “Paradise Papers” leak of millions of sensitive documents exposing the murky world of offshore tax havens. The revelation adds fresh fuel to congressional probes into Russian meddling in the 2016 […]

Rich and famous in the Paradise Papers

Apple, Bono and Queen Elizabeth II are just a few of the big names and companies revealed in the Paradise Papers leak to have shifted money across the globe to cut tax. The spotlight on the tax affairs of the rich and powerful comes after a trove of documents was released by the US-based International […]

LuLaRoe accused of being pyramid scheme, faces $1 billion lawsuit

A popular direct clothing sales company is the focus of not one, but two, class-action lawsuits accusing it of being a pyramid scheme. LuLaRoe, known for its line of leggings and other knit clothing, is being sued, saying that independent retailers had to take out loans and max out credit cards to remain viable in […]

New Zealand firms up ban on foreign house buyers

The New Zealand government firmed up plans Tuesday to prevent foreigners from buying houses in the country, saying it wanted the new law in place early next year. New Labour Prime Minister Jacinda Ardern said she aimed to have the ban take effect before the wide-ranging Trans-Pacific Partnership (TPP) trade agreement is ratified in February. […]

Watch: Viral Video ‘Proves’ Facebook Listening To Your Real-Life Conversations

Reply All podcast host PJ Vogt challenged Facebook once again with a new viral video alleging the social media company “listens” to user’s real-life conversations through their smartphone’s microphones. A Reddit post Sunday, “Facebook iPhone listening into our conversations for advertisements,” linked to a video showing a man’s conversation about “cat food” being targeted to […]

Best Buy Charging $100 Extra On iPhone X

Best Buy thinks it’s fine to charge pre-order customers $100 extra on the already expensive $999 iPhone X, Bloomberg first reported. The electronics retailer began taking pre-orders for the device on Friday. Best Buy is selling the 10th anniversary iPhone X 64GB model for $1,099 and $1,249 for the 256GB version. Meanwhile, Apple and other […]

Trump Ignored His Kids Until College, Ivana Says

Donald Trump’s first wife Ivana claims he wasn’t able to speak to his children properly until they were adults. In a radio interview with AM970’s The Answer released on Sunday, in which she was promoting her new book Raising Trump, the former model and businesswoman said the president had found it difficult to interact with […]

Trump Panics On Twitter Ahead Of Mueller Indictment

The indictments are coming — and the president seems to be panicking. President Donald Trump on Sunday accused Democrats and federal investigators of conspiring against his agenda as the clock ticked on the first indictment from Special Counsel Robert Mueller, which is expected Monday. Trump, in his first tweets about Mueller’s Trump-Russia probe since news […]

Twitter’s Stock Rose After Q3 Statement, Off-Boarding Advertising Announcement

Just hours after Twitter saw more than a 10 percent bump in its stock price Thursday morning the company announced a new policy on Russian advertising on the social media platform. The announcement comes after investigations the company has been conducting around 2016 Presidential Election interference on the site. Twitter’s stock jumped after the company […]

ICE Seeks 5 More Detention Centers As Arrests Increase

U.S. Immigration and Customs Enforcement (ICE) is eyeing locations for five new detention centers near four major cities that could house thousands of detainees, at a time when immigration arrests are up. In a post to the federal contracting website FedBizOpps.gov, ICE and its parent agency, the Department of Homeland Security, requested information to identify […]

Rihanna’s Fenty Beauty Sells $72 Million in One Month

Rihanna’s on her way to becoming a beauty industry mogul after customers emptied their pockets to stock up on Fenty Beauty products, earning the “Work” singer’s new makeup collection approximately $72 million in just one month, according to WWD. The beauty brand debuted on September 9, with a line of products that includes 40 shades […]

6 scary saving mistakes that will haunt your budget

Ghosts and goblins aren’t the only spooky things at stores these days. In an attempt to shop savvy, many consumers go hunting for deals but end up making scary spending mistakes that cost them more in the long run. When it comes to bargain shopping, there’s a fine line between successfully saving and wasting money. […]

Boeing keeps tough line on Bombardier as earnings fall

Boeing strongly defended its tough stance in a trade dispute with Canada’s Bombardier Wednesday, as it reported lower quarterly earnings in part due to unexpected costs on a military contract. Boeing chief executive Dennis Muilenburg defended a complaint against the Canadian company over alleged illegal subsidies, a dispute that has deepened tensions between Canadian Prime […]

Trump administration to offer 76M acres for offshore drilling, largest lease sale in U.S. history

The Trump administration is putting more than 76 million acres of federal water up for lease in the largest offshore drilling initiative in American history. Interior Secretary Ryan Zinke announced the massive lease sale, slated for March 2018, on Tuesday morning, and said the move is a key component of the administration’s effort to tap […]

Honda shows off self-balancing bike

Honda on Wednesday showcased a new motorcycle that can stand unaided with or without a rider, using technology the firm learned from developing a walking humanoid. Unveiled at the Tokyo Motor Show, Honda’s Riding Assist-e is an all-electric concept motorbike that constantly assesses its position and moves the steering bar to ensure the heavy machine […]

Tiny Singapore has world’s most powerful passport: ranking

Tiny Singapore now has the world’s most powerful passport, according to a new ranking, with its citizens able to travel to the greatest number of countries visa free. Passport Index, which keeps track of how useable such documents are, said the city-state grabbed the top spot after Paraguay removed restrictions for Singaporeans. That means the […]

U.S. News & World Report Announces 2018 Best Global Universities Rankings

– Expanded rankings evaluate 1,250 universities across 74 countries – WASHINGTON, Oct. 24, 2017 /PRNewswire-USNewswire/ — U.S. News & World Report, the global authority in education rankings for more than 30 years, today released the 2018 Best Global Universities rankings. The overall rankings evaluate 1,250 universities – up from 1,000 last year – across 74 […]

Alberta making efforts to draw more Chinese visitors

[Photo provided to China Daily] The province of Alberta in Canada is making efforts to attract more Chinese tourists, especially ahead of the China-Canada Tourist Year in 2018, according to Darlene Fedoroshyn, the Travel Alberta director of business development in the Asia-Pacific. Alberta, in western part of Canada, is home to many iconic tourist attractions, […]

Trump’s inaction on climate change carries a big price tag, federal report finds

WASHINGTON — The Trump administration’s reluctance to confront climate change threatens to create a massive burden on taxpayers, as a lack of planning by federal agencies leaves the government ill-equipped to deal with the fallout from rising temperatures, according to independent congressional investigators. The report released Tuesday from the Government Accountability Office presents a bleak […]

Dutch Philips looks east over Brexit concerns

Dutch electronics giant Philips said Monday it will increasingly rely on emerging markets as a buffer against the possible negative effects of Brexit, warning of a revenue drop and possible job losses in Britain. “I don’t think we’ve seen a big impact yet (from Brexit),” said the Amsterdam-based group’s chief executive Frans van Houten. “But […]

Tesla to build wholly-owned Shanghai plant: WSJ

Tesla has reached an agreement with Shanghai authorities that would make it the first foreign automaker to build its own plant in China, putting it in the driver’s seat in the world’s biggest electric-vehicle market, the Wall Street Journal reported. The Silicon Valley electric carmaker’s wholly-owned manufacturing facility would be built in Shanghai’s free-trade zone, […]

Monks and nuns make big business in France

After prayers at the Chantelle Abbey in Allier, central France, a marketing meeting between the abbey’s nuns and their employees discusses the latest orders for its on-site soap and cosmetics products, the delivery destination: Germany. The community of Benedictine sisters has been manufacturing cosmetics since 1954, after two sisters, a chemist and a mathematician, began […]

End of Australia auto-making sector as Holden closes doors

The last car rolled off the production line of Australian auto-maker Holden on Friday, marking the demise of a national industry unable to stand up to global competition. The closure of the Elizabeth plant in South Australia is the end of an era for Holden, which first started in the state as a saddlery business […]

‘My god, 3.5 hours’: Xi gives marathon speech, China listens

As Chinese leader Xi Jinping delivered his three-plus-hour speech at the Communist Party congress, delegates ranging from men in suits to military officers and former presidents dutifully turned every page as they read and listened to his words. On the internet, government bureaus peppered social media with their favourite phrases from Xi’s speech, while photos […]

To Uber or not? Why car ownership may no longer be a good deal

By Michael E. Webber, Professor of Mechanical Engineering and Deputy Director of the Energy Institute, University of Texas at Austin and F. Todd Davidson, Research Associate, Energy Institute, University of Texas at Austin. Younger Americans tend to be comfortable relying on ride services and foregoing car ownership. BeyondDC, CC BY-NC-ND Every day there’s more news […]

‘Death by overwork’: occupational hazard for Japan’s media

The news that a young reporter at Japan’s public broadcaster had worked herself to death came as little surprise to those inside the country’s media, where a culture of excessively long hours has become the norm. “I thought it would happen eventually because we work like crazy… like a slave,” said a journalist at one […]

Oscar board meets over Weinstein

Harvey Weinstein’s brother has denied reports in the media that their film production company could be closed or sold. The company fired Harvey Weinstein last Sunday amid a growing number of allegations of sexual harassment. Bob Weinstein will take the reins of The Weinstein Company now that Harvey is out https://t.co/XPZsjBcLNL pic.twitter.com/Q7EsUcBuXI— Variety (@Variety) 8 […]

An anarchist takes on the drug industry – by teaching patients to make their own meds

MENLO PARK, Calif. – The anarchist grew animated as he explained his plan to subvert a pillar of global capitalism by teaching the poor to make their own medicines – pharmaceutical industry patents be damned. Then he took another sip from a flute of Taittinger champagne. Swaggering, charismatic, and complex, Michael Laufer has become a […]

Bitcoin Now Buys You Citizenship to This Island

The Pacific island nation of Vanuatu has become the world’s first county to accept the virtual currency bitcoin for its citizenship program. The Vanuatu Information Centre (VIC) announced that its Development Support Program (DSP) will allow foreigners to qualify for Vanuatuan citizenship through a one-time payment of $200,000 – or its cryptocurrency equivalent. At current […]

Company exodus from Catalonia

The effects of the referendum in Catalonia are beginning to be felt away from the protests on the streets. Some of Spain’s largest companies are now debating whether to move their headquarters away from the region resulting from fears of an unstable business environment. Losing Catalonia is almost unthinkable for the Spanish government. It would […]

Report Details Digital Divide Among Nations

A recent report provides some surprises about which countries are gaining traction in the digital space and which are stalling. Researchers at the Fletcher School of International Affairs at Tufts University in Massachusetts looked at where digital is replacing “physical interactions,” in communications, society and politics, commerce, media and entertainment. For example, instead of handing […]

Bucking retailer trend, Starbucks shuts online store

Starbucks, bucking a retailer trend focused on beefing up company-owned online stores, has shut its e-commerce site for the United States in an effort to drive more traffic to stores. Since Sunday, shoppers on the coffee chain’s online store (store.starbucks.com) are being directed to set up an online account for pickup up at local Starbucks […]

Las Vegas Casinos Lobbied For Insurance

Federal officials, gaming operators and security experts were repeatedly warned about Las Vegas casinos’ vulnerability to a mass shooting in the years leading up to Sunday’s massacre, according to documents reviewed by International Business Times. A major insurance company mapped out the potential for such a disaster; a terrorist-linked publication cited Las Vegas as a […]

Why losing Tom Petty feels like losing a piece of ourselves

If you sing karaoke, you’ve probably performed “American Girl.” If you play guitar, you’ve likely strummed “Learning to Fly.” And if you’ve driven a car while celebrating some personal achievement or another, you’ve almost certainly belted out “Free Fallin’” at the top of your lungs as you drummed the steering wheel, just like Tom Cruise […]

White Men Most Likely To Commit Mass Shootings

The deadliest mass shooting in U.S. history was shocking in its scale — but it wasn’t a surprise that it was committed by a white male. Statistics show that since 1982, the majority of mass shootings — 54 percent — were committed by white men, according to data from Mother Jones. Black people were the […]

Who is San Juan’s Mayor?

President Donald Trump kicked off his weekend by attacking the mayor of San Juan, Puerto Rico, on Twitter as she continued to beg for aid after Hurricane Maria. Without naming her, Trump slammed Carmen Yulín Cruz and accused her pleas for help of being politically motivated. “The mayor of San Juan, who was very complimentary […]

German unemployment hits surprise record low

Unemployment in Germany hit a surprise new low in September, official data showed Friday, the latest in a string of sunny indicators as the upswing continues in Europe’s top economy. The rate of people out of work fell to 5.6 percent this month, the Federal Labour Agency said, while analysts had expected the figure to […]

EU parliament may deny access to Monsanto

The European Parliament has been asked by its political leaders to deny access to executives and lobbyists for US agro-chemicals giant Monsanto, a parliament spokesman said Friday. The leaders of the parliament’s political groups issued the appeal after the firm turned down an invitation to a hearing over claims Monsanto influenced scientific research on the […]

Trump is dangerous, mental health experts claim in a new book. Are they right?

When pundits and political opponents warn that President Trump “is not mentally equipped” for the office he holds, that he might have “a psychiatric condition unfolding,” or that he could simply be “crazy,” it has little more credibility than the small hands/small [other anatomy] pseudo-medical assertion that the nation was treated to during the Republican […]

Trump Says He Won’t Waive the Jones Act for Puerto Rico

President Donald Trump has made it clear his administration isn’t planning to allow any additional outside aid to get into Puerto Rico in the wake of Hurricane Maria. Speaking with reporters on Wednesday afternoon, the president cited business interests as the reason for refusing calls from lawmakers and activists to allow international organizations and governments […]

Venezuela Prepares for War With U.S.

Venezuela’s President Nicolas Maduro called on his nation’s military leaders Tuesday to prepare for war against the U.S. days after the Trump administration banned Venezuelan officials from entering the nation. “We have been shamelessly threatened by the most criminal empire that ever existed and we have the obligation to prepare ourselves to guarantee peace,” said […]

How one city plans to steer residents away from driving

Countries from the UK to China are rolling out extraordinary plans to eliminate fossil-fuel-guzzling automobiles. But one Nordic capital city is mixing tech and urban planning to make sure citizens do not need a car at all. Finland’s capital Helsinki is growing quickly as it attracts labor from the countryside and overseas. Instead of building […]

Australia to create national space agency

Australia on Monday committed to creating a national space agency as it looks to cash in on the lucrative and fast-evolving astronautical sector. The announcement came at a week-long Adelaide space conference attended by the world’s top scientists and experts including SpaceX chief Elon Musk. It brings Canberra — which already has significant involvement in […]

China to double target of new energy cars

A man charges an electric car at an electric-car rental service bay in Liuzhou, Guangxi province, July 31, 2017. [Photo/VCG] China will double its new energy cars development goal by 2020 as it reaches its target ahead of schedule. Cai Tuanjie, an official of the China’s Ministry of Transport said, the number of new energy […]

Maritime Silk Road expo sees strong growth

The 2017 Guangdong 21st Century Maritime Silk Road International Expo, also known as the MSR Expo, held in Dongguan, Guangdong province, from Thursday to Sunday, attracted some 251,000 domestic and foreign participants. According to the organizers, contracts worth 219 billion yuan ($33.23 billion) were signed at the event. The expo hosted delegations from 79 countries […]

China’s top ride-sharing company calls for building cities around people

Jean Liu, president of Didi Chuxing, speaks during the Bloomberg Global Business Forum in New York on Sept 20, 2017.[Photo/VCG] NEW YORK – Future cities should be built around people, not machines, said Jean Liu, president of Didi Chuxing, a top Chinese ride-sharing company. Cities should empower people rather than stress them out, and should […]

Hearing Exposes Government Agencies’ Waste-Spending Bonanza

For the men and women who run federal government agencies, nothing is more tragic than finishing the fiscal year with money that has not been spent. That was the clear takeaway from a little-noticed hearing Wednesday at the Senate Homeland Security and Government Affairs Subcommittee. Three experts testified that there is clear evidence that agencies […]

City ranks 6th among world’s top financial centers

Shanghai has moved up to the sixth place in the 22nd Global Financial Centres Index, moving from the 13th place in the previous ranking. This is the first time Shanghai has joined the world’s top 10 since the inception of the index in 2007. In a subranking, Shanghai was ranked the world’s number one among […]

Jane Goodall: Trump Is Like an Aggressive Chimp

Primatologist Jane Goodall has made her name studying chimpanzees for over half a century. So, if anyone can deduce a distinct correlation between a brash chimp and the egoistic hubris of, say, the president of the United States, it’s Goodall. Pre-election, last October, Goodall made a comparison between then-Republican candidate Donald Trump and the primates […]

Study: Unfunded Debt 15 Times Higher in Democratic-Run States

The nation’s Democratic-controlled states have unfunded debt that is 15 times greater than the burden on taxpayers in states under total Republican control, according to a study released Tuesday. The nonprofit group Truth in Accounting published “Financial State of the States,” which analyzes the public finances of all 50 states. The group found that state […]

IPO of ‘Angry Birds’ owner takes flight in Helsinki

Finland’s Rovio, creator of the hugely popular smartphone game “Angry Birds”, launched its initial public offering (IPO) on the Helsinki stock exchange on Monday, valuing the company at almost 900 million euros ($1.1 billion). Rovio said it was putting 37 million shares up for sale at between 10.25 and 11.50 euros apiece in the stock […]

Automakers put new-energy cars in fast lane at Frankfurt

A vehicle equipped with the Gazele 3 battery management system was among exhibits at the Frankfurt Motor Show connected to new energy technology. [Photo/China Daily] The enthusiasm of automakers for new-energy vehicles was strong at this year’s Frankfurt Motor Show, which is also known as 2017 IAA, as restrictions on gasoline vehicles becoming more prevalent […]

Trump Blocks Chinese Takeover of US Computer Chip Company

President Donald Trump has blocked the acquisition of a U.S. computer chip manufacturer by a Chinese company, calling it a threat to national security. The Chinese-owned Canyon Bridge Fund has sought to take over Oregon-based Lattice Semiconductor Corp. The U.S. Treasury Department, acting under Trump’s orders, said Wednesday it is prohibiting the deal. It says […]

Irma price gouging highlights sad truth: Consumer fleecing is the new normal

By Ramsi Woodcock, Professor of Legal Studies, Georgia State University. Delta, shown over Tampa in 2014, and other carriers jacked up fares ahead of Irma due to high demand. They later capped prices. Drew Horne/Shutterstock.com Since Hurricane Irma put Florida in its sights, there have been thousands of reports of price gouging on everything from […]

GOP, Trump Aides Wary of Mueller Probe: Report Robert Mueller is “going for the kill”

Republicans with close links to the White House increasingly believe that special counsel Robert Mueller is “going for the kill” in his investigation into links between President Donald Trump and Russia, according to a report from Axios Tuesday. Members of the GOP are said to have come to that stark conclusion based on Mueller’s hiring […]